Divorce is expensive. Many people worry about the costs associated with post-divorce issues like child support and potential alimony. However, even if you have no children and do not pay alimony, divorce can be a very expensive process on its own.
Depending on your circumstances, a divorce can cost thousands of dollars. Fortunately, there are ways to save money on the process. According to Forbes Magazine, one of the best ways to save money is to choose a collaborative divorce.
How does a collaborative divorce help me save?
If when somebody says the word “divorce” you picture a courtroom, you are picturing a trial divorce. Trial divorces are often the most expensive variety of divorce. This is because there are many legal professionals involved with a trial divorce. Trial divorces often require the services of multiple judges, lawyers, legal aides and paralegals. This ends up making the divorce more expensive.
A collaborative divorce typically only involves one lawyer for each party and everybody meeting in a conference room to discuss the terms. Collaborative divorces are often much faster in addition to being far cheaper.
What are the downsides?
In order for a collaborative divorce to bear fruit, both you and your ex-spouse need to be able to collaborate. If you cannot be in the same room with your ex-spouse without an argument, it is unlikely that collaboration will actually work. In this case, trying to collaborate may be a waste of time and money.
For ex-spouses who are willing to negotiate for the betterment of both parties, collaborative divorce has can be quicker, easier and cheaper than trial divorces.